🔎
No results found
Try a different keyword.
Maruti Suzuki Strengthens Green Energy Push with Battery Energy Storage System at Kharkhoda Plant

Maruti Suzuki Strengthens Green Energy Push with Battery Energy Storage System at Kharkhoda Plant

Kharkhoda / New Delhi: Continuing its focus on strengthening the green energy ecosystem, Maruti Suzuki India Limited (“Maruti Suzuki”) today announced the commissioning of a 1 MWh Battery Energy Storage System at its Kharkhoda manufacturing facility.

In 2025, Maruti Suzuki installed a 20 MWp solar power project at the Kharkhoda facility. During facility holidays, the solar power plant continues to generate electricity; however, it cannot be utilized due to the absence of demand. A Battery Energy Storage System (BESS) addresses this challenge by storing excess electricity generated during low-demand periods or facility holidays and making it available for use when required. In addition, BESS will help improve grid stability. As a pilot initiative, BESS has been integrated into the Kharkhoda facility’s internal electricity distribution network. Continue reading “Maruti Suzuki Strengthens Green Energy Push with Battery Energy Storage System at Kharkhoda Plant”

What are the key issues in Volkswagen’s restructuring efforts?

What are the key issues in Volkswagen’s restructuring efforts?

BERLIN/FRANKFURT, (Reuters) – Volkswagen’s supervisory board will meet on July 9 to discuss what could become the carmaker’s biggest transformation to date, marking a make-or-break moment for Chief Executive Oliver Blume in tackling ​an escalating crisis.

Below are some of the most pressing questions and answers ahead of the committee’s gathering ‌at Volkswagen’s Wolfsburg headquarters, which is expected to start at 1230 GMT and will be preceded by labour protests. Continue reading “What are the key issues in Volkswagen’s restructuring efforts?”

EV maker Polestar’s quarterly sales volumes slide amid US market ban

EV maker Polestar’s quarterly sales volumes slide amid US market ban

STOCKHOLM, (Reuters) – Sweden’s Polestar reported a 4% fall in quarterly sales volumes on Thursday, weeks after the EV maker was handed a U.S. market ban ​starting in the 2027 model year, adding to its ongoing struggles ‌to turn a profit.

In the face of uncertain global EV demand, the company has shifted its emphasis on the European market, which accounted for 80% of its sales in ​the first half of the year. Continue reading “EV maker Polestar’s quarterly sales volumes slide amid US market ban”

Delhi Traffic Police launches road safety campaign

Delhi Traffic Police launches road safety campaign

Source : PTI | Delhi Traffic Police on Tuesday launched a month-long road safety and traffic discipline campaign across the national capital, focusing on awareness and an enforcement drive to reduce accidents.

Under the campaign, police will organise “Traffic Pathshalas” at major traffic spots where violators will be counselled on road safety instead of only being prosecuted. Continue reading “Delhi Traffic Police launches road safety campaign”

Daimler Truck Q2 vehicle sales rise 8% as North America demand recovers

Daimler Truck Q2 vehicle sales rise 8% as North America demand recovers

(Reuters) – Daimler Truck one of the ​world’s biggest truckmakers, ‌on Wednesday reported an 8% increase ​in second-quarter ​group vehicle sales, driven ⁠by demand ​recovery in its North ​American arm.

The company said it sold 86,707 ​units in ​the second quarter, compared with ‌80,607 ⁠a year earlier.

Sales at its Trucks North America ​business ​rose ⁠8% to 41,687 units. Continue reading “Daimler Truck Q2 vehicle sales rise 8% as North America demand recovers”

Honda recalls over 300,000 US vehicles over rearview image display issues

Honda recalls over 300,000 US vehicles over rearview image display issues

(Reuters) – Honda Motor America, a unit of Honda ​Motor Co Ltd, ‌is recalling 325,588 Odyssey vehicles in the U.S. due ​to issues with ​the display of the ⁠rearview image, the National ​Highway Traffic Safety Administration (NHTSA) ​said on Wednesday.

Here are details from the NHTSA:

  • The recall ​affects certain 2018-2020 model ​Odyssey vehicles.
  • Risks that water might ‌enter ⁠the rearview camera and cause failure to display image when the vehicle ​is ​in ⁠reverse, thereby increasing the risk of ​a crash.
  • As part ​of ⁠the recall remedy, dealers will replace the rearview ⁠camera, ​free of ​charge.

Continue reading “Honda recalls over 300,000 US vehicles over rearview image display issues”

Mercedes-Benz Q2 sales fall, China competition intensifies

Mercedes-Benz Q2 sales fall, China competition intensifies

(Reuters) – German carmaker Mercedes-Benz said on Wednesday sales in its core ​car business continued to fall ‌in the second quarter, declining 8% year-on-year due to intense competition in China.

  • Car ​deliveries fell to 417,800 in the ​April-June period, the company said in ⁠a statement
  • In China, the drop ​was 30% compared to the ​same period last year, with the company pointing to “an intensifying competitive environment and ​the timing of the company’s ​current product ramp-ups”
  • Second-quarter car sales rose by 10% ‌in ⁠the U.S. and 4% in Europe
  • Sales of battery-electric vehicles rose by 50% to 63,000 vehicles, which includes cars ​and vans
  • European ​carmakers face ⁠a cut-throat price war with local brands in ​China, the world’s biggest ​auto ⁠market
  • Last month, Mercedes’ rival BMW (BMWG.DE), opens new tab slashed its 2026 core margin forecast to ⁠as ​low as 1%, citing ​difficulties in China

Continue reading “Mercedes-Benz Q2 sales fall, China competition intensifies”

With SpaceX Starship, Japan’s ispace provides ride-share to the moon

With SpaceX Starship, Japan’s ispace provides ride-share to the moon

TOKYO, (Reuters) – Japanese moon transport company ispace said on Wednesday it would start a new, lower-cost lunar ​cargo business using the Starship heavy rocket and moon lander developed by Elon ‌Musk’s SpaceX.

Tokyo-based ispace has bought 500 kg (1,102 lb) of capacity for $50 million on a Starship that would land on the moon as soon as 2030, and will build a lunar surface vehicle that ​can host payloads from clients worldwide sharing their ride on Starship to the ​moon, it said. Continue reading “With SpaceX Starship, Japan’s ispace provides ride-share to the moon”

Cost of driving in Singapore soars as ownership certificates reach nearly $100,000

Cost of driving in Singapore soars as ownership certificates reach nearly $100,000

Summary

  • Singapore world’s most expensive place to own a car
  • Vehicles numbers in the city-state are capped at about ​1 million
  • Price of certificate is 16% below median annual household income

SINGAPORE, (Reuters) – Car buyers in Singapore will now need to fork out almost $100,000 for a certificate to own a small car, as costs in the city-state’s vehicle quota ​system hit an all-time high for small models on Wednesday. Continue reading “Cost of driving in Singapore soars as ownership certificates reach nearly $100,000”

Škoda Auto Volkswagen India Announces Leadership Transition in Sales and Marketing Division

Škoda Auto Volkswagen India Announces Leadership Transition in Sales and Marketing Division

Mumbai, 08 July 2026: Škoda Auto Volkswagen India Private Limited today announced a leadership transition in its Sales, Marketing and Digital function. Jan Bures, Executive Director – Sales, Marketing and Digital, Škoda Auto Volkswagen India, will complete his global assignment in India. While continuing with the Group, he will take on a new role at Volkswagen AG, effective September 2026. Škoda Auto Volkswagen India sincerely thanks Jan Bures for his contributions towards the Group’s growth in India and wishes him continued success in his new assignment at Volkswagen AG.

Following this transition, Piyush Arora, Managing Director & CEO, Škoda Auto Volkswagen India will assume the additional responsibility of Executive Director for Sales & Marketing for the Group in India. This enhanced leadership structure is aimed at strengthening strategic alignment, accelerating decision-making, and driving greater accountability across the organisation. Continue reading “Škoda Auto Volkswagen India Announces Leadership Transition in Sales and Marketing Division”

Amit Shah, Rekha Gupta flag off 300 e-buses in Delhi, EV push gathers pace

Amit Shah, Rekha Gupta flag off 300 e-buses in Delhi, EV push gathers pace

Source : PTI | Union Home Minister Amit Shah and Delhi Chief Minister Rekha Gupta on Tuesday flagged off 300 electric buses to strengthen the city’s public transport infrastructure.

The duo also laid the foundation stone for a multi-level bus depot at an event organised in south Delhi’s RK Puram.

“Today, 300 buses have been flagged off, and the foundation stone has been laid for a multi-level bus depot to strengthen the city’s public transportation and clean mobility,” Shah said. Continue reading “Amit Shah, Rekha Gupta flag off 300 e-buses in Delhi, EV push gathers pace”

Name any car that faced issues due to ethanol-blended petrol: Nitin Gadkari

Name any car that faced issues due to ethanol-blended petrol: Nitin Gadkari

Source : PTI | New Delhi: Amid criticism of the mandate for E20 petrol (20 per cent ethanol-blended) sales and complaints about reduced fuel efficiency of vehicles, Union Minister Nitin Gadkari on Tuesday dared critics to identify a single car that faced problems due to the mixed fuel.

Addressing the ‘Viksit Bharat Conclave’ here, Gadkari further said that India’s dependence on fossil fuels is both an economic burden – as ₹22 lakh crore is spent annually on fuel imports – and an environmental hazard, making clean energy adoption crucial for the nation’s progress. Continue reading “Name any car that faced issues due to ethanol-blended petrol: Nitin Gadkari”

Ford to recall over 110,000 US vehicles over wiper, pinion shaft issues, NHTSA says

Ford to recall over 110,000 US vehicles over wiper, pinion shaft issues, NHTSA says

(Reuters) – Ford is recalling 110,626 Mustang vehicles in the U.S. ​in two separate recalls over ‌malfunctioning windshield wipers and a rear differential pinion shaft that may ​fracture, the U.S. National ​Highway Traffic Safety Administration said ⁠on Tuesday.

  • Ford will recall 67,842 ​Mustang and Mustang GTD vehicles ​because in certain cold temperature conditions, the windshield wipers may function only ​at their high-speed setting and ​the washing system may fail to function ‌properly, ⁠NHTSA said.
  • Separately, Ford is recalling 42,784 Mustang Mach-E vehicles because the rear differential pinion ​shaft may ​fracture, ⁠resulting in loss of drive power or unintended ​movement if the vehicle ​is ⁠parked without the parking brake applied.
  • Dealers will repair or replace ⁠the ​damaged parts free ​of charge, NHTSA added.

Continue reading “Ford to recall over 110,000 US vehicles over wiper, pinion shaft issues, NHTSA says”

Brazil’s 2026 auto sales seen at highest since 2014, auto association says

Brazil’s 2026 auto sales seen at highest since 2014, auto association says

SAO PAULO, (Reuters) – Brazilian auto ​sales this year are expected to ‌reach the highest level since 2014, automakers association Anfavea said on Tuesday, while ​also increasing production estimates, despite a ​decline in the June figures.

  • The outlook ⁠for Brazil’s 2026 auto sales ​increased by about 9% from a previous ​estimate to around 3 million units, which would represent a 12.1% rise from 2025 ​and the highest level since ​2014.
  • The new estimate for Brazil’s 2026 auto production ‌rose ⁠by around 2% to nearly 2.8 million units, meaning 5.8% growth from last year.
  • Brazil’s 2026 auto exports projection ​was ​cut by ⁠13.8% to some 462,000 units, a 12.8% fall from ​2025.
  • Sales were down 0.8% in June ​to ⁠272,474 units, while production fell 3.0% to 246,015 units.

Continue reading “Brazil’s 2026 auto sales seen at highest since 2014, auto association says”

From factory to tech frontier: China becomes legacy automakers’ innovation engine

From factory to tech frontier: China becomes legacy automakers’ innovation engine

Summary

  • GM to export first China-developed Buick, use Xiao Yao platform in next Cadillac Optiq , source says
  • Legacy automakers tap China R&D expertise to stay competitive
  • China-built AUDI E5 outsells locally adapted Mercedes CLA in China
  • Shift toward China-led innovation also sparks some concerns

SHANGHAI, (Reuters) – In May, General Motors marked a rare milestone for a foreign automaker in China, selling more than 10,000 of its new Buick Electra E7 in the first month.

While the nameplate is all-American, everything ​else about the car is Chinese — it was developed entirely at the technical centre GM runs with local partner SAIC. Continue reading “From factory to tech frontier: China becomes legacy automakers’ innovation engine”

Reduce basic customs duty on critical raw materials for aluminium sector: Assocham

Reduce basic customs duty on critical raw materials for aluminium sector: Assocham

Source : PTI | Industry body Assocham has sought reduction in basic customs duty and correction of inverted duty structure on critical raw materials for the aluminium industry as high import duties is a huge disadvantage for the sector heavily dependent on imported raw materials.

In its pre-Budget memorandum 2023-34, Assocham said high import duty on raw materials results in Indian finished goods getting costlier and uncompetitive in international markets, rendering negative protection against cheaper imports of finished products, and discourages domestic value addition within the country. Continue reading “Reduce basic customs duty on critical raw materials for aluminium sector: Assocham”

Suzuki Motor backs ₹2,000 crore fund to drive innovation in India

Suzuki Motor backs ₹2,000 crore fund to drive innovation in India

Source : PTI | Japan’s Suzuki Motor Corporation-backed Next Bharat Ventures IFSC Pvt Ltd on Monday announced the launch of its second fund of ₹2,000 crore, aimed to support startups across sectors, including agriculture, financial inclusion, healthcare and AI for social good in India.

Earlier, through its first ₹340 crore fund, Next Bharat Ventures (NBV) invested in over 20 ‘impact organisations’. Continue reading “Suzuki Motor backs ₹2,000 crore fund to drive innovation in India”

Goa govt launches booking app for iconic motorcycle taxi service

Goa govt launches booking app for iconic motorcycle taxi service

Source : PTI | Goa’s iconic two-wheeler taxi service, popularly known as “motorcycle pilots”, has gone digital with the state government on Monday launching a mobile application that allows commuters to locate and book rides online.

Chief Minister Pramod Sawant launched the ‘Mhaje Driver App’, bringing the Portuguese-era mode of transport onto a technology-driven platform.

Continue reading “Goa govt launches booking app for iconic motorcycle taxi service”

Volkswagen CEO faces acid test from unions over swingeing job cut plans

Volkswagen CEO faces acid test from unions over swingeing job cut plans

Summary

  • VW supervisory board to discuss landmark restructuring on July 9
  • Plan marks CEO’s second attempt at far-reaching overhaul
  • Labour representatives hold most seats on supervisory board

LONDON/BERLIN, (Reuters) – Volkswagen CEO Oliver Blume faces perhaps the biggest test of his leadership this week: persuading the German carmaker’s supervisory board to accept painful job ​cuts and factory closures as it struggles to fend off Chinese rivals. Continue reading “Volkswagen CEO faces acid test from unions over swingeing job cut plans”

Renault making higher profits on compact electric models than Megane, says CEO
Micron, Ford sign semiconductor supply agreement for vehicles

Micron, Ford sign semiconductor supply agreement for vehicles

(Reuters) – Micron Technology and Ford Motor on Monday signed a long-term agreement to secure the ​supply for memory and storage platforms used ‌in the automaker’s next-generation vehicle production.

This comes days after Micron’s similar agreement with General Motors as part of the ​chipmaker’s ongoing investments to expand manufacturing in ​the United States for automotive customers, including ⁠its expansion of advanced DRAM production in Virginia. Continue reading “Micron, Ford sign semiconductor supply agreement for vehicles”

Toyota to build $3.6 billion Texas plant, shift some truck production from Mexico

Toyota to build $3.6 billion Texas plant, shift some truck production from Mexico

WASHINGTON, (Reuters) – Toyota Motor Corp said on Monday it will build a new $3.6 billion auto ​plant in Texas and shift some truck production to the United ‌States from Mexico.

The Japanese automaker said the new 2.5-million-square-foot building will be located on its San Antonio manufacturing campus and will open by 2030, creating 2,000 jobs. The company said it will ​move production of its mid-size Tacoma pickup truck from its Baja ​California plant in Mexico to Texas when the factory is completed. Continue reading “Toyota to build $3.6 billion Texas plant, shift some truck production from Mexico”

Rivian’s shares fall after public offering plan overshadows upbeat revenue forecast

Rivian’s shares fall after public offering plan overshadows upbeat revenue forecast

(Reuters) – Shares of ​Rivian slipped 9% in extended trading on Monday after the electric-vehicle ‌maker launched an offer to sell 75 million shares, even as it forecast second-quarter revenue above analysts’ estimates.

Based on Monday’s close of $20.14 per Rivian share, the company would raise $1.5 billion. Rivian ​said in a filing that it plans to use the proceeds ​to fund equity contributions as part of a loan ⁠agreement with the U.S. Department of Energy. Continue reading “Rivian’s shares fall after public offering plan overshadows upbeat revenue forecast”

Jean-Luc Terrasse is appointed CEO of Valeo Light Division and Group Executive Vice President

Jean-Luc Terrasse is appointed CEO of Valeo Light Division and Group Executive Vice President

  • Effective July 1st, 2026, Jean-Luc Terrasse is CEO of Valeo Light Division and Group Executive Vice President
  • With over 30 years of industrial experience across Europe and South America, he brings deep strategic and operational expertise to this key cornerstone of future mobility

Paris, France – July 2026 – Christophe Périllat, CEO of Valeo, has appointed Jean-Luc Terrasse as Chief Executive Officer of Valeo Light Division and Group Executive Vice-President, effective July 1, 2026. He reports directly to Christophe Périllat and is a member of the Executive Committee. Continue reading “Jean-Luc Terrasse is appointed CEO of Valeo Light Division and Group Executive Vice President”

Autoverse Mobility launches two strategic initiatives; Autoverse Quick Commerce Program and Autoverse Franchisee Program

Autoverse Mobility launches two strategic initiatives; Autoverse Quick Commerce Program and Autoverse Franchisee Program

Bengaluru, July 6, 2026: Autoverse Mobility, India’s fast-growing B2B platform for independent garages, announced two strategic initiatives; Autoverse Quick Commerce Program and the Autoverse Franchisee Program, designed to improve operational efficiency and accelerate business growth for the Indian independent garage ecosystem. These initiatives were launched at the Garage Leadership Summit 2026 hosted by the company, bringing together over 100 independent garage owners, automotive experts, technology leaders and aftermarket stakeholders to discuss the future of India’s rapidly evolving automotive service ecosystem. Continue reading “Autoverse Mobility launches two strategic initiatives; Autoverse Quick Commerce Program and Autoverse Franchisee Program”

Volkswagen celebrates 4 years of Virtus in India

Volkswagen celebrates 4 years of Virtus in India

  • Volkswagen India celebrates 4 year anniversary with exclusive benefits
  • Volkswagen sold 1 Virtus nearly every 24 minutes since launch in 2022
  • The Virtus consistently leads the premium sedan segment for 2 years

Mumbai: Volkswagen India is celebrating the 4th anniversary of the Virtus with festivities across its network, announcing special benefits and exclusive deals for customers. Since its launch in 2022, the Virtus has become one of Volkswagen India’s most popular products and continues to consistently lead the premium sedan segment for over 2 years. Continue reading “Volkswagen celebrates 4 years of Virtus in India”

Kumaraswamy held meeting with electric two-wheeler manufacturers

Kumaraswamy held meeting with electric two-wheeler manufacturers

Source : PTI | Union Minister H D Kumaraswamy on Saturday chaired a meeting of leading electric two-wheeler manufacturers and held wide-ranging discussions on strengthening indigenous manufacturing, officials said.

The discussions focused on building a robust, innovation-driven and globally competitive electric mobility ecosystem in the country, they added. Continue reading “Kumaraswamy held meeting with electric two-wheeler manufacturers”

Parents know the school’s academic rating. Shouldn’t they also know the safety rating of the bus that carries their children every day?

Parents know the school’s academic rating. Shouldn’t they also know the safety rating of the bus that carries their children every day?

by WAF Think Tank 

Everyone was swift to blame the tree and the municipal corporation. But what about the School bus on which it fell.
This is about that recent tragic road accident at Mumbai, where a tree fell over a moving school bus. The school bus’s roof caved in and snatched away the life of a child occupant, Vihaan Srivastava – An 11 year old budding cricketer. His grieving mom kept sitting clasping his cricket bat as friends, relatives, media and politicians poured in. Vihaan was cremated with his favourite cricket ball.
So was it just the tree to be blamed ? Does India really have safety rating for buses ?
Are buses checked for road crash, testing, and roof collision impact testing ? Are these testing data points made public ? Is there a benchmarking, a threshold, an index ?
As the adage goes – What gets measured, gets done. So let’s begin with the measuring and sharing part then.

Continue reading “Parents know the school’s academic rating. Shouldn’t they also know the safety rating of the bus that carries their children every day?”

Delhi launches EV subsidy portal under new policy to boost adoption

Delhi launches EV subsidy portal under new policy to boost adoption

Source : PTI | Chief Minister Rekha Gupta on Friday launched a portal to claim subsidies under the recently launched Delhi Electric Vehicle Policy 2026.

The Delhi EV Subsidy Portal (https://evsubsidy.delhi.gov.in) provides information about the essential documents such as Aadhaar, the vehicle Registration Certificate (RC) and Voter ID which would be required. Continue reading “Delhi launches EV subsidy portal under new policy to boost adoption”

Tesla rolls out robotaxi service in Miami

Tesla rolls out robotaxi service in Miami

(Reuters) – Tesla said on Friday its robotaxi was available in Miami, as ​the electric vehicle maker looks to ‌expand its autonomous ride-hailing operations.

The expansion highlights Tesla’s efforts to increase adoption of its ​self-driving software, a version of which ​it uses in the robotaxis and ⁠a key part of CEO Elon ​Musk’s shift from EVs to AI and ​robotics.

“Robotaxi now available in Miami,” Tesla’s official robotaxi account said in a post on X. Continue reading “Tesla rolls out robotaxi service in Miami”

Ferrari appeals to traditionalists with new V12 manual gearbox limited edition

Ferrari appeals to traditionalists with new V12 manual gearbox limited edition

Summary

  • 12Cilindri Manuale has price tag of €590,000
  • Special series model planned with 1,499 cars
  • Launch comes weeks after debut of divisive Luce EV
  • Ferrari lineup features wide mix of petrol, hybrid models

MILAN, (Reuters) – Ferrari launched a limited-edition 12-cylinder model with a manual gearbox on ‌Friday, appealing to traditional fans of roaring petrol engines and hands-on driving after the mixed initial reception for its first electric vehicle. Continue reading “Ferrari appeals to traditionalists with new V12 manual gearbox limited edition”

Electric school buses tapped to shore up fragile US power grids during summer heat

Electric school buses tapped to shore up fragile US power grids during summer heat

Summary

  • About 230 buses in deployed V2G projects can supply 8 megawatt-hours, WRI data shows
  • At least 31 utilities in 21 states are involved in school bus V2G projects, WRI says
  • Oakland school district’s 74-bus project could generate 2.1 gigawatt-hours of electricity annually

LOS ANGELES, (Reuters) – Schools are out for the summer, but the batteries in more than 200 ​electric school buses are helping some people in the U.S. find relief when temperatures soar. Continue reading “Electric school buses tapped to shore up fragile US power grids during summer heat”

China’s Chery takes over former Nissan car factory in South Africa

China’s Chery takes over former Nissan car factory in South Africa

JOHANNESBURG, (Reuters) – China’s Chery formally took over Nissan’s car manufacturing plant in Rosslyn on Friday under a deal that was announced in January, and executives ​said the company will spend millions of dollars upgrading and adding machinery ‌ahead of starting vehicle production in South Africa in mid-2027.

Chery said in a statement it wants to establish South Africa as its African hub for manufacturing, exports, research and development, ​and regional operations. Continue reading “China’s Chery takes over former Nissan car factory in South Africa”

Kioxia ships next-gen memory samples as AI boom fuels dramatic comeback

Kioxia ships next-gen memory samples as AI boom fuels dramatic comeback

Summary

  • NAND maker has become beneficiary of AI boom
  • Kioxia has developed next-generation memory with Sandisk
  • Japan aims to rebuild its once-mighty chip industry
  • Chipmaker’s shares volatile in recent days

KITAKAMI, Japan, (Reuters) – Kioxia ​on Friday held a ceremony at its fab in northern Japan as the chipmaker, whose shares have rocketed due to ‌the AI investment boom, begins shipping samples of its next-generation memory. Continue reading “Kioxia ships next-gen memory samples as AI boom fuels dramatic comeback”

Lucid names new CFO in latest executive shakeup, misses quarterly delivery estimates

Lucid names new CFO in latest executive shakeup, misses quarterly delivery estimates

(Reuters) – Lucid Group missed second-quarter delivery estimates on Thursday and named Alexander De Bock as its new finance ​chief, the latest leadership change at the struggling electric-vehicle maker ‌since it appointed a new CEO in April.

Shares of the Newark, California-based EV maker fell 2.3%. The company’s stock has declined about 38% so far this year. Continue reading “Lucid names new CFO in latest executive shakeup, misses quarterly delivery estimates”

BYD’s sales rise for second month, buoyed by exports

BYD’s sales rise for second month, buoyed by exports

BEIJING, (Reuters) – Chinese electric vehicle maker BYD posted a second consecutive month of global sales growth in June, as ​a surge in exports helped offset weak demand in its home ‌market.

Total sales rose 5.5% from a year earlier to 403,472 vehicles last month, according to Reuters calculations based on a stock exchange filing on Wednesday. That followed a 0.3% ​increase in May, which ended an eight-month run of declines. Continue reading “BYD’s sales rise for second month, buoyed by exports”

EV maker Rivian raises 2026 delivery forecast on strong demand, shares soar

EV maker Rivian raises 2026 delivery forecast on strong demand, shares soar

Summary

  • Company beats Q2 delivery estimates
  • Delivery vans, R1 models fuel growth
  • Affordable R2 seen expanding customer base

(Reuters) – Rivian Automotive ​raised its annual delivery forecast on Thursday, betting on strong demand ‌for its R1 models and electric delivery vans as well as its cheaper new R2 SUVs, sending the company’s shares over 10% higher. Continue reading “EV maker Rivian raises 2026 delivery forecast on strong demand, shares soar”

Tesla quarterly deliveries set record; European recovery raises hopes of annual growth

Tesla quarterly deliveries set record; European recovery raises hopes of annual growth

Summary

  • Europe rebound followed last year’s slump, partly linked by analysts to Musk’s politics
  • Deliveries topped production by over 28,000 vehicles, reducing inventory buildup
  • Tesla will report quarterly results on July 22 after markets close
  • Co expects to spend more than $25 billion on capital expenditure in 2026

(Reuters) – Tesla on Thursday ​posted record-setting second-quarter delivery numbers that smashed past Wall Street estimates, led by a rebound in Europe, feeding hopes that in 2026 the electric vehicle ‌maker can end its two-year streak of annual declines. Continue reading “Tesla quarterly deliveries set record; European recovery raises hopes of annual growth”

Automakers tap America’s 250th, World Cup to rev up patriotism

Automakers tap America’s 250th, World Cup to rev up patriotism

Summary

  • Jeep will give 100 Wranglers to residents named George Washington if the US wins World Cup
  • America-first ads also help carmakers align with Trump’s manufacturing focus
  • GM staged a Corvette stunt at Indianapolis Motor Speedway

DETROIT, (Reuters) – U.S. automakers have long infused their marketing campaigns with American pride and imagery. ​But this summer’s combination of the nation’s 250th birthday and World Cup matches taking place on U.S. soil has them ‌going full George Washington. Continue reading “Automakers tap America’s 250th, World Cup to rev up patriotism”

Tesla driver charged with manslaughter over crash into Texas home

Tesla driver charged with manslaughter over crash into Texas home

(Reuters) – A Texas man has been charged with manslaughter after driving a Tesla operating with its automated driving assistance system into a suburban Houston home, killing a ​76-year-old grandmother, court papers show.

Michael David Butler, 44, told police he was ‌operating his Model 3 in Full Self-Driving mode on June 19 when he plowed into Martha Avila’s home in Katy, Texas, and told paramedics “the car was on ‘Autopilot,'” according to court papers. Avila ​died later at a nearby hospital. Continue reading “Tesla driver charged with manslaughter over crash into Texas home”